Tuesday, July 7th21.6°C
26939
26015

The Source expands as Best Buy shrinks

The Source electronics retail chain plans to open 20 new locations this year across Canada, continuing an expansion that added dozens of stores last year.

Most of the more than 700 locations operated across Canada by The Source are much smaller than the big-box stores operated by U.S. retailers.

The Source's expansion announcement follows the sudden closure of 15 Canadian big-box stores owned by electronics retailer Best Buy, throwing about 900 people out of work with little or no warning.

Many of the stores doing business as The Source are former Radio Shack stores.

The name was changed after U.S.-based Circuit City acquired the Canadian operations.

Circuit City later declared bankruptcy and closed all its U.S. locations but the Canadian business survived and was acquired by Montreal-based BCE Inc. to complement its Bell products and services.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14394.62-198.95
S&P CDNX652.27-11.06
DJIA17529.31-154.27
Nasdaq4916.61-75.33
S&P 5002052.16-16.60
CDN Dollar0.7842-0.0064
Gold1152.00-20.90
Oil51.43-1.70
Lumber284.90+1.20
Natural Gas2.708-0.048

 
Okanagan Companies
Pacific Safety0.175+0.005
Knighthawk0.010.00
QHR Technologies Inc1.52+0.00
Cantex0.05+0.02
Anavex Life Sciences0.501-0.019
Metalex Ventures0.065-0.010
Russel Metals22.11-0.28
Copper Mountain Mining1.04-0.05
Colorado Resources0.08-0.01
ReliaBrand Inc0.007+0.001
Sunrise Resources Ltd0.025-0.010
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.00

 





FEATURED Property
2320726PRICE DROP! Corner condo
$184,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Increase property value

Photo: Thinkstock.comHere are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment five to six times what t...


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...

_





26370


Member of BC Press Council


26708